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Employment index off slightly

July 2, 2008

The Monster Worldwide Inc. (NASD: MNST) employment index fell three points month-over-month in June to a reading of 163. The index was down 23 points from its year-ago reading of 186. June's contraction in the index was relatively mild and in keeping with historical trends showing a more moderate...


Staffing index slips one point

July 1, 2008

The American Staffing Association's index measuring temporary employment fell one point in June to 99 from its reading of 100 in May. The index has remained relatively flat since January. However, the June reading was down three points from its level of 102 in the same period last year. The index...


Manufacturing sector returns to growth

July 1, 2008

Economic activity in the U.S. manufacturing sector grew in June after contracting for the four previous months, according to the Institute for Supply Management. Its key purchasing managers' index for manufacturing, released today, registered 50.2 in June, up from 49.6 in May. Readings of more th...


Adecco buys back euro400 million in shares

July 1, 2008

Adecco SA said today it repurchased euro400 million (US$631.2 million) worth of its shares and may use some of them for future acquisitions. The shares represent 6.07% of the company's issued shares. Adecco is the world's largest staffing firm.


Comsys buys translation firm

July 1, 2008

Comsys IT Partners Inc. (NASD: CITP) acquired ASET International Services Corp., a provider of foreign language translation, publishing, audio/video production and simultaneous translation services for conferences and other events in more than 140 languages, the company said. Terms of the deal we...


Survey projects slight decline in hiring

July 1, 2008

In the third quarter, 24% of employers plan to add full-time employees, according to a survey by CareerBuilder.com and USA Today. That's down slightly from the second quarter when 26% of employers said they added full-time staff. "It's a slower job market, but we're not seeing aggressive declines...


It's all about working hard and playing hard

July 1, 2008

Research Analyst Sona Sharma discusses in her blog the need to take care of employees as a part of the formula for business success. To read the blog, click here.


Online job ads numbers post little growth

June 30, 2008

The number of U.S. jobs posted online rose 0.1% in June month-over-month to 3.8 million, virtually unchanged from May, according to The Conference Board's online help-wanted ad measure. Compared to June 2007, the number of online ads was down 11.2%. "Employment declines are likely to continue thr...


Library Associates acquires legal staffing firm

June 30, 2008

Library Associates Companies announced today it acquired Strategic Staffing Associates, a legal staffing firm. Strategic Staffing will be a wholly-owned subsidiary of Library Associates. Terms of the deal were not announced. Strategic Staffing Associates operates a Denver office and supplies atto...


Private equity firm buys staffing insurer

June 30, 2008

Sunz Group LLC, a workers' compensation provider primarily to professional employer organizations and other staffing companies, was acquired by Palm Beach Capital, a private equity firm. Terms of the deal were not announced. "Customers are demanding multi-state coverage and we intend to expand in...